alt Hacker News> cleared of inflation energy costs are lower than 2013, 12 years ago
This is not the argument you want to make. Energy prices are a significant component of the basket used to measure inflation. Like yeah, you expect energy prices to sink if you discount for the rise of energy prices. Germany is suffering from high energy prices its the key factor why the country has been stagnating economically for the past 6 years.
Their energy prices are an outcome of incompetence, having tied their energy prices to Russia and a gas supply from them. In hindsight, economic diplomacy is not the path to keeping an authoritarian in check; a strong military and energy independence is.
German energy prices will decline with battery storage and more renewables pushing out the last of their coal and fossil gas generation. Should’ve kept the old nuclear generators running too, as long as possible. Alas, a lesson they’ve learned.